Axios - Americans under 40 are richer than ever — but still feel "an increasing sense of economic fragility," according to detailed new research released by the Treasury Department this morning. Disaffection and despair, especially among young men, are on the rise — and economic factors are playing an important role in that phenomenon, Axios' Felix Salmon writes.
The report points to "expanded education, less discriminatory workplaces, cheaper goods, and more household wealth" as examples of how young Americans' lives are improving. For Americans between 25 and 39, median wealth hit $80,500 in 2022, the Treasury Department calculates — up from just $23,750 in 2010. And that's in 2023 dollars, after accounting for inflation.
While wealth was turbocharged by the stimulus checks and roaring bull market following the 2020 pandemic, careers were not. Mentorship and on-the-job learning are much harder when working remotely. And demographic changes mean that younger workers are increasingly competing with their more experienced elders for desirable jobs.
Costs have been rising faster than young Americans' incomes for education, childcare, healthcare, and — most pressingly — shelter. Share this story.
The Hill - A poll found 41 percent of adults under 30 consider the killing of UnitedHealthcare CEO Brian Thompson acceptable, more than the 40 percent in that demographic who consider it unacceptable...
The survey from
Emerson College Polling found 68 percent of all respondents found the
actions of the person who shot and killed Thompson unacceptable. But a startling 24 percent of those aged 18-29 found it “somewhat
acceptable,” and 17 percent of that group found it completely
acceptable.
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